BOJ's Kuroda says he disagrees with modern monetary theory
NEW YORK (Reuters) – Bank of Japan Governor Haruhiko Kuroda on Friday denounced an economic philosophy that encourages the use of government spending as a primary policy tool to boost employment.
Speaking on a panel at an academic conference in New York, Kuroda said he disagrees with Modern Monetary Theory (MMT). He did not discuss his economic or monetary policy outlook directly.
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